Clal Biotechnology (Israel) Market Value
| CBI Stock | 51.00 0.30 0.59% |
| Symbol | Clal |
Clal Biotechnology 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Clal Biotechnology's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Clal Biotechnology.
| 02/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Clal Biotechnology on February 11, 2024 and sell it all today you would earn a total of 0.00 from holding Clal Biotechnology Industries or generate 0.0% return on investment in Clal Biotechnology over 90 days. Clal Biotechnology is related to or competes with Danel, and Hilan. Clal Biotechnology Industries Ltd. is a private equity and venture capital firm specializing in development stage, pre-c... More
Clal Biotechnology Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Clal Biotechnology's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Clal Biotechnology Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.77 | |||
| Information Ratio | 0.0803 | |||
| Maximum Drawdown | 12.85 | |||
| Value At Risk | (4.20) | |||
| Potential Upside | 5.22 |
Clal Biotechnology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clal Biotechnology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clal Biotechnology's standard deviation. In reality, there are many statistical measures that can use Clal Biotechnology historical prices to predict the future Clal Biotechnology's volatility.| Risk Adjusted Performance | 0.0765 | |||
| Jensen Alpha | 0.2857 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0773 | |||
| Treynor Ratio | 12.71 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clal Biotechnology's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Clal Biotechnology Backtested Returns
Clal Biotechnology appears to be very steady, given 3 months investment horizon. Clal Biotechnology secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of standard deviation over the last 3 months. By analyzing Clal Biotechnology's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please makes use of Clal Biotechnology's mean deviation of 1.98, and Risk Adjusted Performance of 0.0765 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clal Biotechnology holds a performance score of 17. The firm shows a Beta (market volatility) of 0.0226, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clal Biotechnology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clal Biotechnology is expected to be smaller as well. Please check Clal Biotechnology's sortino ratio, semi variance, and the relationship between the standard deviation and value at risk , to make a quick decision on whether Clal Biotechnology's price patterns will revert.
Auto-correlation | 0.74 |
Good predictability
Clal Biotechnology Industries has good predictability. Overlapping area represents the amount of predictability between Clal Biotechnology time series from 11th of February 2024 to 27th of March 2024 and 27th of March 2024 to 11th of May 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Clal Biotechnology price movement. The serial correlation of 0.74 indicates that around 74.0% of current Clal Biotechnology price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 12.63 |
Clal Biotechnology lagged returns against current returns
Autocorrelation, which is Clal Biotechnology stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Clal Biotechnology's stock expected returns. We can calculate the autocorrelation of Clal Biotechnology returns to help us make a trade decision. For example, suppose you find that Clal Biotechnology has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Clal Biotechnology regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Clal Biotechnology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clal Biotechnology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clal Biotechnology stock over time.
Current vs Lagged Prices |
| Timeline |
Clal Biotechnology Lagged Returns
When evaluating Clal Biotechnology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clal Biotechnology stock have on its future price. Clal Biotechnology autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Clal Biotechnology autocorrelation shows the relationship between Clal Biotechnology stock current value and its past values and can show if there is a momentum factor associated with investing in Clal Biotechnology Industries.
Regressed Prices |
| Timeline |
Pair Trading with Clal Biotechnology
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clal Biotechnology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clal Biotechnology will appreciate offsetting losses from the drop in the long position's value.Moving together with Clal Stock
| 0.74 | HRON | Hiron Trade Investments | PairCorr |
The ability to find closely correlated positions to Clal Biotechnology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clal Biotechnology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clal Biotechnology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clal Biotechnology Industries to buy it.
The correlation of Clal Biotechnology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clal Biotechnology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clal Biotechnology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clal Biotechnology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Clal Biotechnology Correlation, Clal Biotechnology Volatility and Clal Biotechnology Alpha and Beta module to complement your research on Clal Biotechnology. You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
Complementary Tools for Clal Stock analysis
When running Clal Biotechnology's price analysis, check to measure Clal Biotechnology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clal Biotechnology is operating at the current time. Most of Clal Biotechnology's value examination focuses on studying past and present price action to predict the probability of Clal Biotechnology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clal Biotechnology's price. Additionally, you may evaluate how the addition of Clal Biotechnology to your portfolios can decrease your overall portfolio volatility.
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Clal Biotechnology technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.